Glossary Time: Interest

 

Your monthly mortgage payment is a combination of paying back the money you’ve borrowed for your purchase (principal) and the interest owed on the money you’ve borrowed. Long story short, interest is what you pay your lender to borrow money for your home. Isn’t that interest-ing? 

#rgvRoy #rgv #rgvhomes #rgvREALTOR #thehelpfulagent #home #houseexpert #house #listreports #homeowner #realestate #happyhome #finances #themoreyouknow #icanhelp #realestateagent #realtor






Comments

Popular posts from this blog

Nearly Half of US Homeowners Considered ‘Equity Rich’

Steps to Selling Your Home Realtors Want You to Know

What's the worst part of Renting?